“The big moves in inflation are primarily global shocks. What the Fed has done has also contributed, without a doubt.”

Aug 13, 2023

"Big picture: We are making progress, but the progress is slower than expected. Inflation is somewhat more stubborn than we had hoped."

Jun 21, 2023

"The biggest risk now is that inflation does not come down as quickly as expected."

Jun 12, 2023

"If you front-load [interest rate] hikes, it makes it harder to tell whether you need to wait a little longer to see the effects."

Mar 7, 2023